๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Public Willingness to Pay for Recovering and Downlisting Threatened and Endangered Marine Species

โœ Scribed by KRISTY WALLMO; DANIEL K. LEW

Book ID
117960603
Publisher
John Wiley and Sons
Year
2012
Tongue
English
Weight
712 KB
Volume
26
Category
Article
ISSN
0888-8892

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Economic theory suggests willingness-to-pay (WTP) should be significantly higher for a comprehensive good than for a subset of that good. We tested this using both a split sample design (external scope test) and paired responses (internal scope test) for WTP for several endangered fish and wildlife

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We provided information about costs and benefits of public goods, mostly forms of risk reduction. Judgments of willingness to pay (WTP) for the goods was affected by cost as well as benefit, even when subjects judged the benefit to be unaffected by cost. Cost information affected WTP when it took th